Price for Flours and Meals; of Soya Beans in Oman - 2022

Contents:

1. Price for Flours and Meals; of Soya Beans in Oman (CIF) - 2022
2. Imports of Flours and Meals; of Soya Beans in Oman

Price for Flours and Meals; of Soya Beans in Oman (CIF) - 2022

The average import price for flours and meals; of soya beanses stood at $1,057 per ton in 2022, increasing by 3.9% against the previous year. In general, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of 29% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($1,057 per ton), while the price for Croatia ($1,057 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Flours and Meals; of Soya Beans in Oman

In 2022, after three years of growth, there was significant decline in purchases abroad of flours and meals; of soya beanses, when their volume decreased by -43.4% to 213 tons. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2020 when imports increased by 215% against the previous year.

In value terms, imports of flours and meals; of soya beanses contracted significantly to $225K in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 291%.

Top Suppliers of Flours and Meals; of Soya Beans to Oman in 2022:

1. Croatia (138.0 tons)
2. India (44.5 tons)
3. United Arab Emirates (29.4 tons)

Source: IndexBox Market Intelligence Platform